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Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
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  • WRES, $WRES, Oil and Gas Company Warren Resources Near the Top of VE Universe 0 comments
    Nov 23, 2010 1:28 PM | about stocks: WRES
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    November 23, 2010
    ATTENTION Advanced Investors and Finance Professionals:
    If you are reading this you should download ValuEngine Institutional Software to see how VE’s powerful quantitative tools can increase your productivity and effectiveness.

    Seeking Alpha Readers should check out our Seeking Alpha VE Investment App HERE

    Very Resourceful

    WRES, $WRES, Oil and Gas Company Warren Resources Near the Top of VE Universe

     Warren Resources, Inc. (NASDAQ:WRES) is a growing independent energy company engaged in the exploration and development of domestic natural gas and oil reserves. Warren Resources is primarily focused on the exploration and development of coalbed methane properties located in the Rocky Mountain region and its water flood oil recovery program in the Wilmington Unit located in the Los Angeles Basin of California. The Company is headquartered in New York, New York, and its exploration and development subsidiary, Warren E&P, Inc., is headquartered in Casper, Wyoming.

     ValuEngine has issued a BUY recommendation for Warren Resources. Based on the information we have gathered and our resulting research, we feel that Warren Resources has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE market valuation, momentum and P/E ratio.

      Based on available data as of Nov. 23, 2010, we believe that WRES should be trading at $7.6. This makes WRES 45.63% undervalued. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth. For WRES, we base this on actual earnings per share (NYSEARCA:EPS) for the previous four quarters of $0.33, forecasted EPS for the next four quarters of $0.26, and correlations to the 30- year Treasury bond yield of 3.92%.

      Subscribers can check out the latest figures on Warren Resources from our models HERE.

    Seeking Alpha Readers should check out our Seeking Alpha VE Investment App HERE

    Market Indices Data
      Latest Change YTD
    Dow Jones
    11,021.40 -157.20 5.69%
    NASDAQ Composite
    2,487.97 -44.05 9.64%
    Russell 2000
    715.72 -11.61 12.88%
    S&P 500
    1,179.89 -17.95 5.81%

     

    ValuEngine Market Overview
    Summary of VE Stock Universe
    Stocks Undervalued
    52.76%
    Stocks Overvalued
    47.24%
    Stocks Undervalued by 20%
    24.33%
    Stocks Overvalued by 20%
    18.45%

     

    ValuEngine Sector Overview
    Sector Change MTD YTD Valuation Last 12-MReturn P/E Ratio
    Basic Materials 0.37% 4.54% 24.55% 16.05% overvalued 58.98% 33.76
    Oils-Energy -0.05% 6.11% 12.78% 13.72% overvalued 42.63% 42.88
    Multi-Sector Conglomerates -0.32% 2.92% 18.89% 6.22% overvalued 31.67% 32.69
    Auto-Tires-Trucks -0.01% 4.11% 42.16% 2.86% overvalued 47.46% 34.72
    Transportation -0.01% 1.60% 19.88% 1.89% overvalued 27.76% 39.48
    Retail-Wholesale 0.55% 4.35% 16.17% 1.09% overvalued 49.27% 25.64
    Industrial Products 0.53% 3.20% 16.13% 0.63% overvalued 28.80% 27.31
    Finance -0.49% 0.57% 13.78% 0.53% overvalued 18.82% 29.56
    Utilities 0.04% 1.01% 5.49% 0.46% overvalued 18.11% 27.29
    Consumer Staples 0.38% 3.30% 7.97% 0.11% undervalued 18.20% 22.01
    Computer and Technology 0.33% 2.72% 22.89% 1.95% undervalued 32.21% 40.28
    Aerospace -0.31% -0.87% 16.68% 2.23% undervalued 27.30% 19.22
    Business Services 0.11% 3.16% 8.06% 3.39% undervalued 19.68% 29.13
    Consumer Discretionary 0.08% 2.86% 18.34% 3.46% undervalued 26.30% 30.52
    Construction -0.14% 3.46% 1.94% 9.06% undervalued 5.73% 37.63
    Medical -0.16% 2.33% 11.34% 10.54% undervalued 17.35% 33.44

     

     
     
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    Disclosure: no positions
    Stocks: WRES
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